Category: Include on Menu
-
NIO shares rally after first-quarter earnings beat and stronger revenue outlook (NIO)
NIO (NYSE:NIO) shares gained more than 5% in U.S. premarket trading on Thursday after the electric vehicle maker reported first-quarter results ahead of expectations and issued second-quarter guidance that also exceeded analyst forecasts. Revenue for the three months ended March reached RMB25.53 billion, representing year-on-year growth of 112.2% and broadly matching the consensus estimate of…
-
IBM shares surge after securing $1 billion U.S. quantum computing award (IBM)
IBM (NYSE:IBM) shares climbed 6.6% on Thursday after the U.S. Commerce Department announced that the company would receive US$1 billion in government funding to accelerate the development of quantum computing technology. The grant forms part of a broader US$2 billion funding package allocated to nine quantum computing companies, according to a report by The Wall…
-
Deere tops forecasts as construction and small agriculture divisions drive growth (DE)
Deere & Company (NYSE:DE) reported second-quarter earnings ahead of analyst expectations, supported by strong momentum in its construction and small agriculture businesses, sending shares up 2.2% in premarket trading on Thursday. The machinery manufacturer posted adjusted earnings per share of US$6.55 for the quarter ended May 3, exceeding analyst forecasts of US$5.70 by US$0.85. Quarterly…
-
Nvidia targets next wave of AI growth with new data centre chips and expanding customer base (NVDA)
NVIDIA (NASDAQ:NVDA) chief executive Jensen Huang sought to reassure investors on Wednesday that the company can maintain its rapid growth trajectory through a broader customer base and the launch of new data centre products, while projecting that sales of its flagship AI chips could exceed US$1 trillion. Despite forecasting second-quarter revenue above Wall Street expectations…
-
Google commits $15 billion to Missouri expansion with new data center project (GOOG)
Google (NASDAQ:GOOG) announced plans on Wednesday to invest US$15 billion into infrastructure projects across Missouri, including the construction of a new data centre in New Florence, located in Montgomery County. Missouri Governor Mike Kehoe said the investment highlights the state’s increasing importance as a hub for technology and innovation. He added that the project is…
-
Full Truck Alliance tops forecasts as freight orders jump double digits (YMM)
Full Truck Alliance (NYSE:YMM) reported first-quarter results ahead of analyst expectations after strong growth in freight orders and user activity helped drive revenue higher. The company posted adjusted earnings per share of US$1.15, beating the analyst consensus estimate of US$0.96 by US$0.19. Revenue for the quarter reached RMB2.85 billion (US$412.9 million), exceeding analyst forecasts of…
-
NetEase shares slip despite first-quarter earnings and revenue beat (NTES)
NetEase (NASDAQ:NTES) reported first-quarter results ahead of analyst expectations, although the company’s shares fell around 2% following the release as investors focused on broader earnings trends and future growth prospects. The Chinese gaming and internet group posted adjusted earnings per share of RMB17.46, comfortably above analyst forecasts of RMB15.39. Quarterly revenue reached RMB30.6 billion (US$4.4…
-
Elf Beauty warns Iran conflict could hit earnings despite strong quarterly beat (ELF)
e.l.f. Beauty (NYSE:ELF) exceeded Wall Street expectations for its fourth-quarter performance on Wednesday but issued softer annual guidance, highlighting the growing impact of higher oil prices linked to the conflict involving Iran. The cosmetics company said the ongoing war could create a financial headwind of between US$15 million and US$20 million during fiscal 2027. Despite…
-
Intuit shares tumble after weaker TurboTax outlook despite stronger earnings guidance (INTU)
Intuit (NASDAQ:INTU) raised its full-year guidance and delivered third-quarter results ahead of expectations as the company continued to benefit from its AI-focused platform strategy. However, the financial software group also reduced its annual revenue outlook for TurboTax and announced plans to cut 17% of its workforce as part of a broader operational restructuring programme, sending…
-
Oil prices recover as uncertainty over Iran talks and shrinking inventories support market
Oil prices climbed more than 1% on Thursday, recovering part of the sharp losses recorded in the previous session as traders continued to assess developments in peace negotiations between the United States and Iran, while tightening supply conditions and falling U.S. inventories also supported the market. By 06:18 GMT, Brent crude futures had risen US$1.27,…